US sanctions Cuban state-owned oil company CUPET as announced by Marco Rubio on June 11, 2026. Under Trump’s EO 14404, the move targets expropriated assets and energy sector operations used for repression. It intensifies pressure amid Cuba’s fuel crisis and power shortages. Havana calls it collective punishment. Get the full context and implications here.
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| Source: Pixabay |
The United States on Thursday announced sanctions against Cuba’s state-owned oil company Union Cuba-Petroleo (CUPET), increasing Washington’s pressure on the island nation’s energy sector.
“Today, I am designating Cuba’s state-owned oil and gas company Union Cuba-Petroleo (CUPET), key assets of which were unlawfully expropriated from American owners years ago,” US Secretary of State Marco Rubio said in a statement. - AFP